DIA MAR10 Overnight PUT Trade – Expires Worthless
February 25th, 2010, 3:52 pm EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, DIA
103.19 (-0.51)
02/25/2010 – ThetaOptions Margin Portfolio - DIA PUT play initiated
The (MP) is going to do something unprecedented & actually purchase a few overnight DIA put options for tomorrow morning. With (MP) up $2000 for the month, we figured that we could take a small gamble risk $100-150 for quick sell-off tomorrow morning. If we’re lucky, we might be able to sell the lower strike for the same price we paid for our 103′s….that’s a best case scenario.
Filled Order:
BOT +3 DIA 100 MAR 10 103 PUT @1.59 debit
Position: -11.29 Theta….we really HATE that!
